Deductible Buydown

Let’s face it, deductibles are not cheap. If you’re in an accident in your truck, you might find yourself stuck with a deductible payment even if you weren’t at fault (like in Ontario and other no-fault jurisdictions).

  • Tractor, Trailer, and Cargo Coverage

  • Driver-Only Policies for Alberta

  • Covers At-Fault and No-Fault Accidents

  • Tax-Free Lump Sum Payment of Benefits

  • Third-Party Liability Coverage

  • Includes Driver Injury Protection

Accident (At Fault)

Coverage: The tractor, trailer and cargo in the event of loss or damage due to an at fault collision, fire, theft or vandalism.

Example: You roll into a ditch and cause $18,000 damage. If your deductible is $5,000 with a buydown to $1,000.

NAL Buydown pays $4,000.

Primary pays $13,000.

You pay $1,000.

Direct Compensation (No Fault) Property Damage

Coverage: The tractor, trailer and cargo in the event of loss or damage due to a collision (not at fault) in a “no fault” jurisdiction like Ontario or Michigan.

Example: You collide with a deer on the 401 and cause $14,500 damage. If your deductible is $5,000 with a buydown to $1,000.

NAL Buydown pays $4,000.

Primary pays $9,500.

You pay $1,000.

3rd Party (At Fault) Property Damage

Coverage: Property and vehicles of other third parties in the event of an at fault loss or damage.

Example: You back into another person’s vehicle in a loading dock and cause $11,000 damage. If your deductible is $5,000 with a buydown to $1,000.

NAL Buydown pays $4,000.

Primary pays $6,000.

You pay $1,000.

Let NAL’s Deductible Buydown coverage ease your financial stress in the event of an accident!